scholarly journals Asset Effects in Land Price Formation in Agriculture: The Evidence from South Asia

1996 ◽  
Vol 35 (4II) ◽  
pp. 963-976 ◽  
Author(s):  
S. Hirashima

The purpose of this paper is to examine the land market behaviour in South Asia, taking the most technologically advanced Punjab (both Pakistan and India) as an example, and to consider the disparity issues in development. Land market in Punjab was given momentum when the private proprietorship of land was established in the middle of the 19th century. Land market behaviour in terms of the rentland price ratio or the profitability of investment in land cannot be explained by the conventional rent theory. Land price has never been the discounted value of rent. We try to explain the market behaviour by incorporating asset effects in addition to the technological effects in agricultural production. Since the land price data are not published after independence both in Pakistan and India, it is difficult to confirm whether or not the observed trend of declining rent-land price ratio can be observed after independence. However, judging from the scattered field survey data, we could presume that the asset effects have been positive and increasing, thereby reducing the R/P ratio much lower than the market interest rate. The study raises questions with respect to the direction of public investment, land tax policy, and the growing disparity between rent receivers and rent payers.

2020 ◽  
pp. 44-49
Author(s):  
A. V. Suleimanova

The article is about the pricing principles of land in the urban district of Ufa city in the Republic of Bashkortostan. The price changes, by the author, due to underdevelopment of the land market in the conditions of market economy.


2018 ◽  
Vol 1 (2) ◽  
pp. 198-224
Author(s):  
David Emmanuel Singh

This paper focusses on the first two volumes of Pundit Lekhramji’s collected works, kulliyat. Its main argument is that contrary to the position of Ahmadis and secondary scholarship, Lekhram did not deserve to be labelled ‘malicious’ or a ‘radical’ principally responsible for communalism. Jones is a fine scholar, but he may have allowed the perspective particularly rife among Ahmadis to colour his view of Lekhram. Besides, his view of Lekhram was only partial in that it relied largely on the material which forms part of volume 3 of kulliyat. What drove Lekhram was a need he saw for ‘pastoral’ support for the supposed ‘insiders’ – the protection of a reimagined Hindu community (which included local converts to Christianity) from what he saw as the sustained campaigns of proselytization and polemical tracts. The intent was not necessarily to dialogue with Christian missionaries or padres but to persuade Indian converts to Christianity to ‘return home’. Lekhram’s attempts at ‘exposing’ Christianity however remained equally superficial as the padres’. However, in so doing he was not blind to issues in his own scriptures/traditions, something that requires another paper to elaborate


Author(s):  
Thibaut d'Hubert

The literary history of Bengal is characterized by a multilingual ecology that nurtured the development of Middle Bengali literature. It is around the turn of the second millennium, during the Pāla period (c. 8th–12th century), that eastern South Asia became a major region for the production of literary texts in Sanskrit and Apabhramsha. Early on, Bengal developed a distinct literary identity within the Sanskrit tradition and, despite abrupt political transitions and the fragmentation of the landscape of literary patronage, fundamental aspects of the literary culture of Pāla Bengal were transmitted during later periods. It was during the Sultanate period, from the 14th century onward that courtly milieus began to cultivate Middle Bengali. This patronage was mostly provided by upper-caste Hindu dignitaries and (in the case of lyric poetry at least) by the Sultans themselves. During the period ranging from the 15th to the early 19th centuries, vernacular literature can be divided into two broad categories: short narrative forms called padas or gītas (songs), which were often composed in an idiom derived from songs by the Old Maithili poet Vidyāpati (c. 1370–1460); and long narrative forms in Middle Bengali called pā̃cālīs, which are characterized by the alternation of the prosodic forms called paẏār and tripadī and the occasional insertion of songs. These poetic forms are the principal markers of the literary identity of Bengal and eastern South Asia (including Assam, Orissa, and Arakan). The Ḥusayn Shāhī period (1433–1486) contributed to the consolidation and expansion eastward of vernacular literary practices. Then, the political landscape became fragmented, and the multiplication of centers of literary production occurred. This fragmentation fostered the formation of new, locally grounded literary trends. These could involve the cultivation of specific genres, the propounding of various religious doctrines and ritual practices, the fashioning of new idioms fostered by either dialectal resources, classical idioms such as Sanskrit or Persian, and other vernacular poetic traditions (Maithili, Avadhi, Hindustani). The late Mughal and early colonial periods witnessed the making of new trends, characterized by a radical modification of the lexical component of the Middle Bengali idiom (i.e., Dobhāṣī), or the recourse to scripts other than Bengali (e.g., Sylhet Nagari/Kaithi, Arabic). The making of such new trends often implied changes in the way that authors interacted with Sanskrit, Persian, and other vernacular traditions. For instance, Persian played as crucial a role as Sanskrit in the various trajectories that Middle Bengali poetry took. On the one hand, Persian in Bengal had a history distinct from that of Bengali; on the other hand, it constituted a major traditional model for Bengali authors and, at times, Persianate education replaced the one based on Sanskrit as the default way to access literacy. Even if Middle Bengali poetic forms continued to be used in the context of various traditional performances, the making of a new literary language in the 19th century, the adoption of Western genres, and the development of prose and Western prosodic forms occasioned a radical break with premodern literary practices. From the second half of the 19th century, with the notable exception of some ritual and sectarian texts, access to the ancient literature of Bengal began to be mediated by philological analysis and textual criticism.


2008 ◽  
Vol 53 (No. 4) ◽  
pp. 184-188
Author(s):  
K. Bradáčová

As long as the land market in Slovakia is not completely developed and land market prices introduced, the officially assigned land prices are practically in use. At the present time, land prices should express the supply prices, which cover the income effect of the land site under the socially necessary costs. In this situation, for the temporary period, centrally assigned fixed land prices could represent the effective supply and demand prices in case they correspond to the mentioned conditions. At present, the official prices are used for fiscal purposes and the land property rights.


Author(s):  
Richard B. Allen

The African diaspora in the Indian Ocean is inextricably intertwined with slavery and slave trading in an oceanic world that encompasses southern and eastern Africa, the Red Sea, the Persian (or Arabian) Gulf, South Asia, the Indonesian archipelago, and parts of East Asia. A combination of factors, including the cost of free labor, high morbidity and mortality rates from diseases such as malaria and smallpox, and the perceived attributes of different African peoples spurred the exportation by Arab, Muslim, and Swahili merchants of an estimated 2.9–3.65 million men, women, and children from diverse populations in southern and eastern Africa, Madagascar, and the Horn of Africa to Arabia, the Persian Gulf, South Asia, and Southeast Asia between 800 and c.1900. European involvement in this transoceanic slave trade began during the early 16th century and continued well into the 19th century. This diaspora’s legacy includes the presence of communities of African descent in modern Iran, India, Sri Lanka, and Indonesia.


Agriculture ◽  
2020 ◽  
Vol 10 (5) ◽  
pp. 183 ◽  
Author(s):  
Mateusz Tomal ◽  
Agata Gumieniak

This research deals with the problem of agricultural land market efficiency using the spatial market integration concept as well as the present value (PV) model. Empirically, it aims to test the convergence of agricultural land prices across Polish provinces. In order to check the law of one price (LOP), good-quality, medium-quality and bad-quality land sales markets are examined separately. Furthermore, this study is complemented by an analysis of the drivers behind agricultural land price convergence. The main method of testing price convergence is the log t regression. The latter was performed in two configurations, i.e., based on trend components of time series extracted using the Hodrick–Prescott filter and the Hamilton filter. Additionally, traditional β- and σ-convergence tests were applied. The obtained results indicated that agricultural land prices tend to converge in relative terms, which means that the provinces share a common long-run growth path. This finding and estimates of traditional convergence tests prove the increasing integration in the agricultural land market in Poland. There is no evidence, however, to support the conclusion that the absolute version of the long-run LOP holds. Moreover, using dynamic fixed effects models, it was identified that for good-, medium- and bad-quality land prices almost the same drivers of convergence apply. The only differences concern the strength of the influence of independent variables on prices of farmland of various types. Additionally, bad-quality land prices are the only ones which are affected by livestock density. Furthermore, estimates of the present value model finally confirmed that the agricultural land sales market in Poland cannot be considered as efficient.


2009 ◽  
Vol 13 (1) ◽  
pp. 59-92
Author(s):  
Philipp Bruckmayr

AbstractThe paper is concerned with a long-term perspective on the position of Māturīdi kalām within (mostly) Hanafi Muslim societies from Timurid times to the 19th century. Whereas outright conflict between legal and theological schools was mainly a thing of the past during the time in question with Ash'arism, already fully embraced also by Hanafi constituencies within the ahl al-sunna wa l-jamā'a, a preference for Māturīdi views on specific issues persisted among the majority of Hanafi kalām scholars from Bosnia to South Asia. This state of affairs will be highlighted through recourse to madrasa curricula and theological literature from the era and areas as diverse as Turkey and Southeast Asia. Additionally, it seeks to draw attention to the mechanisms behind the spread and long-term persistence of the school throughout large parts of a Muslim world seemingly dominated by Ash'arism in the sphere of scholastic theology. In this regard, the prevalence of Transoxanian legal tradition within Hanafism and its linkages to Māturīdism, as well as the relationship of Naqshbandi Sufism to the school will be discussed.


1989 ◽  
Vol 21 (2) ◽  
pp. 161-173
Author(s):  
B Roehner

Price fluctuations are known to be rather chaotic and unpredictable. However, when these fluctuations are compared at different marketplaces some regular patterns appear. The precise nature of such regularities and what can be learned from them about the internal structure of an economic system are the purpose of this series of two papers. In this first paper the evolution of an economic system is analysed, namely in Germany during the period of its economic integration, that is to say during the 19th century. Different statistical measures are compared: the price ratio, the price correlations, the price dispersion, in order to characterise the increasing interdependence of economic activity centres. It is shown that this interdependence increases for every commodity according to a specific trend. Last, in order to link these results with the economic and political history of Germany some data are presented pertaining to the development of its domestic trade during the 19th century.


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